The Grand Social Media Experiment. We learn by doing.

Credit Repair- Troy Clark

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Maintaining a good credit rating is critical to participating in the “American Dream”. As the US economy climbs out of the Great Recession of 2008, repairing credit issues becomes a necessary evil that often times perplexes the average american consumer. As a mortgage underwriter and originator with over $300,000,000 worth of loan experience, I am going to tell you something that very few people know, you can repair your credit yourself with a very basic and proven seven step process.
This is a basic seven step process that credit repair professionals charge thousands of dollars for – and you can accomplish with such basic tools as a pencil, paper, envelopes, stamps, and patience. However, since your local library provides free use of computers with internet access, we are going to assume that your seven steps to credit repair will be completed using these very basic and accessible technologies.
The first step you must do is find out what your current credit report looks like. There are three major credit bureaus and not all creditors report to all three bureaus, so you must request a copy of your personal credit report from all three bureaus in order to ensure that you have a complete assessment of your credit situation. The three major credit bureaus are Experian, Trans-Union, and Equifax. All three credit bureaus can be accessed at no charge by going to the website http://www.annualcreditreport.com – this is the only official free website sponsored by the US government do not trust any of the thousands of websites that try to mimic this official site for they all require a fee. The annualcreditreport.com website is pretty self-explanatory, so follow the directions to access, print, and save your tri-bureau credit report information. Create a file folder and put all your credit related documentation in it. If you have more than five creditors I recommend creating multiple files and alphabetizing them by creditor. #clarkt


Author: 5oci4lm3di4101

We're a class learning about the ins and outs of social media. We learn by doing.

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